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Private Equity | 21 June 2010

SPML Infra To Raise PE Funding For Bhiwandi Water Project

by Irfan Khan
SPML Infra To Raise PE Funding For Bhiwandi Water Project
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SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project.

The company has created a SPV - SPML Bhiwandi Water Supply Infra Limitedfor the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13.

The company has started negotiations with US based Water Asset Management and Veolia Water for the funds.

SBI Capital Markets
is advising SPML on the deal.

Transaction Reference: ET


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